Barclays (LON:BARC) Sets New 52-Week High – Here’s What Happened

Barclays PLC (LON:BARC)’s stock price reached a new 52-week high on Monday . The company traded as high as GBX 516.60 and last traded at GBX 513.20, with a volume of 75462813 shares changing hands. The stock had previously closed at GBX 496.45.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on BARC shares. Shore Capital Group reaffirmed a “buy” rating on shares of Barclays in a research report on Tuesday, April 28th. JPMorgan Chase & Co. increased their price target on Barclays from GBX 590 to GBX 600 and gave the company an “overweight” rating in a report on Friday, June 12th. Royal Bank Of Canada upgraded Barclays to an “outperform” rating and lifted their price objective for the stock from GBX 550 to GBX 575 in a report on Wednesday, April 29th. Citigroup upped their target price on Barclays from GBX 425 to GBX 450 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Finally, Jefferies Financial Group increased their target price on Barclays from GBX 570 to GBX 590 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 532.50.

Barclays Trading Up 3.4%

The firm has a market capitalization of £69.49 billion, a price-to-earnings ratio of 11.82, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. The company has a 50-day moving average of GBX 446.17 and a 200-day moving average of GBX 448.64.

Barclays (LON:BARC) last released its quarterly earnings data on Tuesday, April 28th. The financial services provider reported GBX 14.10 EPS for the quarter. Barclays had a net margin of 17.81% and a return on equity of 9.46%. The firm had revenue of GBX 816.30 billion during the quarter. On average, research analysts forecast that Barclays PLC will post 39.1062802 earnings per share for the current year.

Barclays Company Profile

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services. In addition, the company engages in securities dealing activities. The company was formerly known as Barclays Bank Limited and changed its name to Barclays PLC in January 1985.